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Legal Services Provider of the Year, 2015: Bracewell & Giuliani

This award recognises an institution offering legal advice and services to the energy industry, whose expertise and involvement consistently delivers measurable value to its client(s).

Judges sought evidence of close Involvement in a range of energy sector deals; strategic input into clients’ business decisions; and significant expertise in the energy sector or a niche thereof as well as an innovative approach to tackling business challenges.

Bracewell & Giuliani blazed a trail in the London market in 2013, when it became the first legal firm in the city dedicated to serving clients in the energy sector.

The firm says that in early 2012 it identified a gap in the London legal market, which, despite the depth and quality of the existing players, offered no single proposition exclusively aimed at the energy sector. Since then, Bracewell & Giuliani has drawn together a team of specialists from across the top London law firms, who work in the energy field and who speak the same language as the clients who need its advice – something often lacking in the delivery of legal advice.

The move has paid off. In the last 18 months the London office has acquired some 50 new energy clients as well as acting for most of the leading energy banks including Apache Corp, Bank of America, Bank of Tokyo Mitsubishi, BG Group, BNP Paribas, Deutsche Bank, DNO International, HSBC, ING Bank, Macquarie Bank, Ophir Energy, San Leon Energy, Sasol, Saudi Aramco, Seplat Petroleum, Sonatrach, Standard Bank, Vestas and others.

The office currently has mandates in 28 African jurisdictions, three South American jurisdictions, three in Asia and four Middle Eastern/Central Asian jurisdictions.

Among the major deals Bracewell & Giuliani advised on in the last year were Seplat Petroleum’s $1.7 billion term and revolving credit facilities, thought to be the largest bank debt financing arranged by an indigenous Nigerian company; Caracal Energy’s $250mn reserve-based secured facility for the development of its Chad assets, which was the first reserve-based lending deal in Chad; and HSBC’s $100mn secured revolving credit facility for KrisEnergy, an E&P firm focus on southeast Asia.

In one interesting deal, partner Tracy London and Counsel Matthew Mulqueen advised Vestas Eastern Africa, the suppliers and installers of 365 wind turbines on the Lake Turkana Wind Power Project, Kenya – at €600mn, this is the country’s largest ever single private investment. They were able to advise on using a payment structure that Vestas had not previously used, which played a large part in this project achieving financial close.

 

Fellow nominee:

Holman Fenwick Willan

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